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    Property profile & analytics

    3505 Main St Elkhart, IN 46517-3123

    • Turn key restaurants
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US31-0412169
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taco Bell / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 3505 Main St

    Year built
    2012
    Lot size
    0.81 lot acres
    Property type
    Turn key restaurants
    APN
    20-06-22-254-008.000-011
    APU
    200622254008000011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $315,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $290,000
      Mixed-Use
      $245,000
      Hospitality
      $280,000
      Educational
      $260,000
      Residential Income
      $285,000
      Energy
      $315,000
      Income-Based Land
      $310,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9352
    Latitude
    41.6462
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,436
    $150,400
    $227,800
    $378,200
    -
    $150,400
    $227,800
    $378,200

    Comparable in this City

    • Value Estimation
      $330,000
      2,787 SF

      301 Lusher Ave

      RESTAURANT • 2,787 SF
      301 Lusher Ave, Elkhart, IN 46517-1825
      View Details
    • Value Estimation
      $440,000
      7,712 SF

      3429 Main St

      RESTAURANT • 7,712 SF
      3429 Main St, Elkhart, IN 46517-3125
      View Details
    • Value Estimation
      $350,000
      2,848 SF

      103 Concord Mall Dr

      RESTAURANT • 2,848 SF
      103 Concord Mall Dr, Elkhart, IN 46517-3110
      View Details
    • Value Estimation by Request
      1,250 SF

      28275 County Rd 20

      RESTAURANT • 1,250 SF
      28275 County Rd 20, Elkhart, IN 46517-1121
      View Details
    • Value Estimation
      $2,475,000
      3,398 SF

      2929 Ferndale Rd

      RESTAURANT • 3,398 SF
      2929 Ferndale Rd, Elkhart, IN 46517-8789
      View Details
    • Value Estimation
      $325,000
      6,694 SF

      1743 Lusher Ave

      RESTAURANT • 6,694 SF
      1743 Lusher Ave, Elkhart, IN 46517-1442
      View Details

    Similar Nearby for Sale

    • $450,000
      5,144 SF

      Elkhart Bar & Restaurant - $450K

      Historic Indiana Bar/Restaurant, 5144 sq ft
      57968 Co Rd, Elkhart, IN 46517
      View Details
    • $625,000
      6,872 SF

      Fiesta Cancun Restaurant - Elkhart, IN

      Established Restaurant, High Traffic Location
      3535 Main St, Elkhart, IN 46517
      View Details
    • $450,000
      1.00 Acre

      Elkhart Restaurant/Bar with Liquor License

      Restaurant/Bar with liquor license on a 1-acre B-3 zoned property.
      57968 County Road 7, Elkhart, IN 46517
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    • $625,000
      6,872 SF

      Free Standing Restaurant Opportunity

      6,872 SF restaurant on high traffic corridor for sale.
      3535 S Main St, Elkhart, IN 46517
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    • $329,000
      0.55 Acres

      Elkhart Retail Opportunity on Main

      Retail building on Main Street with high traffic counts.
      3444 S Main Blvd, Elkhart, IN 46517
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      3,482 SF

      Prime Elkhart Verizon Storefront

      High-traffic retail space, NNN lease.
      3365 Main St, Elkhart, IN 46517
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    Similar Nearby for Lease

    • $11 SF/Yr
      3,280 SF

      Elkhart Auto Shop For Rent

      Auto shop with frontage on South Main Street available for rent.
      3526 S Main St, Elkhart, IN 46517
      View Details
    • $5 SF/Yr
      6,147 SF

      Elkhart Commercial Space For Lease

      Mixed-use commercial building with retail and office spaces available for lease.
      2930 S Nappanee St, Elkhart, IN 46517
      View Details
    • $16 SF/Yr

      Former Gas Station with Canopy

      3,150 SF former gas station for sublease in Elkhart, IN.
      3624 S Nappanee St, Elkhart, IN 46517
      View Details
    • Contact for pricing
      7,480,123 SF

      SR 19 & CR 26 Commercial Land

      171 Acres, Elkhart, IN - Build-to-Suit
      26 Sr 19 & County Rd, Elkhart, IN 46517
      View Details
    • $23 SF/Yr

      Elkhart Office Space For Rent

      Vibrant office space with accessibility and professional finishes.
      3145 Benham Ave, Elkhart, IN 46517
      View Details
    • $4 SF/Yr
      60,360 SF

      Elkhart Manufacturing/Warehouse Space Available

      60360 SF manufacturing/warehouse space for lease in Elkhart, IN.
      28505 County Road 20, Elkhart, IN 46517
      View Details

    Property Visit Statistics

    • Visits by month
      10.5k
    • Visitors by month
      7.4k
    • Avg Time on site
      11 min
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    Elkhart, IN 46517-3123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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